Saudi bank plans $850mln sukuk issue

From Gulf-daily-news.com: Saudi-based Islamic Development Bank (IDB) plans to issue Islamic bonds, or sukuk, in the first half of next year worth around $850 million, a senior official said yesterday.

“The size will be determined by the demand for resources (from member countries)… I am expecting it to be within the same size of the previous issuance,” IDB vice-president Abdul-Aziz Mohamed Al Hinai said………………………………..Full Article: Source